Sydney - Tuesday - October 10: (RWE Australian Business News) - Giralia Resources NL (ASX code: GIR), in response to a stock exchange query over a rise in its share price from 29c on Tuesday October 3 to 37c at the close today, has attributed the rise to an announcement by PacMag Metals Ltd (ASX code: PMH) on October 5 regarding an initial copper resource estimate for the Ann Mason deposit. Giralia holds an interest of about 10 per cent in PacMag. "The company has been informed that PMH intends to make a further (unrelated) release before the commencement of trade tomorrow (11 October 2006) regarding an update on exploration activities which will include results from the Olary project in South Australia, a joint venture with Giralia," director Mr Michael Joyce said. PacMag shares closed up 4.5c at 46.5c after touching 51c today. The stock has risen from 18.5c a week ago.
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
